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Restructured Skillsgroup sees reward

Turnover and profit up for the year

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Skillsgroup has announced its results for the year ended 30 November 1998. Turnover rose 16 per cent to £162 million, with profit before tax rising to £14.4 million compared to last year’s loss of £16.3 million. The results followed the year’s restructuring programme, which included dumping the product businesses of P&P UK Desktop, P&P Sweden, P&P Rentals, P&P Belgium and Acuma PSL. This brought in around $41.3 million and transfer of net borrowing commitments of £14.8 million. Commenting on the results, David Southworth, Skillsgroup executive chairman, said the company would continue to grow through acquisition, especially in the consultancy and training areas.®

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